Bank holding company providing banking and financial services through its subsidiary.
Village Bank and Trust Financial Corp. serves as the holding company for Village Bank, specializing in delivering comprehensive banking and financial services tailored to small and medium-sized businesses, professionals, and individuals. Operating through two distinct segments, Traditional Commercial Banking and Mortgage Banking, the company offers a wide range of financial products. These include traditional banking services such as checking, savings, money market accounts, and certificates of deposit, alongside specialized offerings like individual retirement accounts and other depository services.
The company's lending portfolio encompasses secured and unsecured commercial business loans designed to meet various operational needs such as working capital, business expansion, and the acquisition of equipment and machinery. Village Bank and Trust Financial Corp. also provides financing solutions for the acquisition, development, construction, and ownership of commercial real estate properties. For individual clients, the company offers secured and unsecured consumer loans, supporting purchases like automobiles, home improvements, educational expenses, and personal investments. Additionally, the company originates mortgage loans, real estate construction loans, and acquisition loans for sale in the secondary market.
Headquartered in Midlothian, Virginia, Village Bank and Trust Financial Corp. operates a network of nine full-service branch banking offices and a mortgage loan production office strategically located across Central Virginia. These locations serve the counties of Chesterfield, Hanover, Henrico, Powhatan, James City, and Richmond City, offering convenient access to its comprehensive suite of banking services. Founded in 1999, the company continues to uphold its commitment to providing personalized financial solutions and fostering economic growth within its local communities.